Industrial Condominium Purchase

Industrial condominium

Loan Priority

1st Mortgage

Loan Amount

$1,000,000

Loan to Value (LTV)

62%

Loan Purpose

A 1st mortgage was provided for the purchase of a 3,812 SF industrial condominium unit which the borrower will use as his office. The bank declined the borrower at the last minute, and we were able to close within a week.

Location

Richmond Hill, ON